Bitcoin has surged above the $100,000 mark, trading at around $102,000—a gain of over 4% in a single day. This rally is driven by the “January effect” as investors return from the holidays and inject fresh capital into the market. Investors are also closely watching the upcoming inauguration of Donald Trump on January 20 and the departure of SEC Chair Gary Gensler.
AMD and Nvidia Overtake Intel in Key Markets, Challenging Its Leadership
U.S. Chips Act beneficiary Intel Corp’s (NASDAQ:INTC) crisis appears to be worse than expected, as companies ranging from Nvidia Corp (NASDAQ:NVDA) and smaller rivals, erstwhile partners like Microsoft Corp (NASDAQ:MSFT) rush to nab Intel’s market share that is critical for its profitability. Intel stock plunged 58% in the last 12 months as it failed to capitalize on the budding market of new kinds of computing and new applications for chips, the Wall Street Journal cited Doug O’Laughlin of Semi
Bitcoin Surges Back Above $100,000
After weeks of volatility, the price of bitcoin rose above $100,000 on Monday for the first time since Dec. 19.
American Air Extends Gains After Trio of Wall Street Upgrades
(Bloomberg) -- Shares of American Airlines Group Inc. are rallying on Monday after the company received a trio of upgrades from Wall Street analysts, extending the carrier’s recent hot streak.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing Takes Effect After Years of DelaysAnalysts from Jefferies, TD Cowen and Melius
The Dow jumps 300 points as Nvidia and other AI stocks surge
The Dow regained momentum by mid-morning on Monday as AI stocks surged. Electronic giant Foxconn (HNHPF) reported record-breaking revenue for its fourth quarter, and the artificial intelligence boom continues into 2025.
Nvidia stock jumps 4% before CEO Jensen Huang's CES keynote
Nvidia’s (NVDA) shares climbed by close to 5% on Monday in anticipation of chief executive Jensen Huang’s keynote at the Consumer Electronics Show.
Barr’s Exit as Fed’s Top Bank Cop Puts Capital Rules in Doubt
(Bloomberg) -- Federal Reserve Vice Chair for Supervision Michael Barr plans to step down from the role, bypassing a potential battle with President-elect Donald Trump over his position and raising questions about the future of a landmark bank-capital proposal. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDon’t Shrink the BusCan American Drivers Learn to Love Roundabouts?Is This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Eff